Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Hbis Company Limited    000709   CNE000000H20

HBIS COMPANY LIMITED

(000709)
  Report
End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 11/25
2.26 CNY   -1.31%
08/10Australian shares hit 3-week high as COVID-19 cases stabilise
RE
08/10Australian miner Fortescue wins HBIS iron ore tender in yuan
RE
08/10Australian miner Fortescue wins HBIS iron ore tender in yuan
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

U.S. levies hefty duties on Chinese corrosion-resistant steel

05/25/2016 | 10:02pm EST
A labourer marks steel bars at a steel and iron factory in Huai'an

WASHINGTON (Reuters) - Corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450 percent under the U.S. Commerce Department's latest clampdown on a glut of steel imports, the agency said on Wednesday.

The department also issued anti-dumping duties of 3 percent to 92 percent on producers of corrosion-resistant steel in Italy, India, South Korea and Taiwan, it said in a statement.

The department hit producers of the flat-rolled steel, which is coated or plated with zinc, aluminum or other metals to extend its service life, with anti-subsidy duties in China, South Korea, Italy and India. Taiwan was exempted.

The final U.S. anti-dumping duties on the Chinese products replace preliminary ones of 256 percent issued in December 2015.

China's Commerce Ministry said it was extremely dissatisfied at what it called the "irrational" move by the United States, which it said would harm cooperation between the two countries.

"China will take all necessary steps to strive for fair treatment and to protect the companies' rights," it said, without elaborating.

Last week the U.S. Commerce Department slapped punitive tariffs of more than 500 percent on Chinese cold-rolled flat steel, which is widely used for car body panels and appliances.

China has come under increasing fire from industrialized countries worldwide that have accused it of dumping steel at prices far below production costs to avoid cutting excess capacity in the sector, which faces slowing demand at home.

Beijing has insisted that it would eliminate 100 million to 150 million tons of annual capacity and said last week it would persist with a steel tax rebate plan to support the sector's restructuring.

The escalating steel trade fight has grown into a major irritant as senior U.S. and Chinese officials prepare for bilateral economic and foreign policy meetings in Beijing in early June.

The Commerce Department issued anti-dumping duties of 210 percent on all Chinese-produced corrosion resistant steel. Final anti-subsidy duties ranged from 39 percent for many producers to 241 percent for some of the largest ones including Baosteel (>> Baoshan Iron & Steel Co., Ltd.), Hebei Iron & Steel Group (>> Hebei Iron And Steel Co Ltd) and Angang Group.

Anti-dumping duties for Indian producers were far lower at 3 percent to 4.4 percent, while their anti-subsidy duties ranged from 8 percent to 29.5 percent for JSW Steel Ltd <JSW.NS>.

Italian producer Marcegalia SpA was hit with anti-dumping duties of 92.1 percent, while other Italian steelmakers faced 12.63 percent. Anti-subsidy duties on Italian steelmakers ranged from 0.5 percent to 38.5 percent on Ilva SpA.

In 2015, U.S. imports of corrosion-resistant steel products from the five countries totaled $1.87 billion, the Commerce Department said. About $500 million of that came from China.

The original anti-dumping and anti-subsidy complaint was brought by major U.S. steelmakers.

(Additional reporting by Ben Blanchard in BEIJING; Editing by Leslie Adler and Richard Chang)

By David Lawder


© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 0.29% 1.73 End-of-day quote.-9.66%
BAOSHAN IRON & STEEL CO., LTD. -2.15% 6.38 End-of-day quote.11.15%
HBIS COMPANY LIMITED -1.31% 2.26 End-of-day quote.-12.40%
All news about HBIS COMPANY LIMITED
08/10Australian shares hit 3-week high as COVID-19 cases stabilise
RE
08/10Australian miner Fortescue wins HBIS iron ore tender in yuan
RE
08/10Australian miner Fortescue wins HBIS iron ore tender in yuan
RE
08/03China steelmaker HBIS lines up investment in Peru iron ore mine
RE
2019EU suspects Chinese steelmakers are dodging anti-dumping duties
RE
2019European steel leaders seek scrutiny of Chinese British Steel rescue
RE
2019European steel leaders seek scrutiny of Chinese British Steel rescue
RE
2019China's steel minnows sidestep pollution rules to boost output
RE
2019China's top steel mills create group to probe surging iron ore prices - docum..
RE
2018RATAN TATA : Tata Steel open to taking majority stake in Thyssenkrupp tie-up - s..
RE
More news
Financials
Sales 2020 112 B 16 994 M 16 994 M
Net income 2020 1 591 M 242 M 242 M
Net Debt 2020 - - -
P/E ratio 2020 15,1x
Yield 2020 4,42%
Capitalization 23 362 M 3 544 M 3 553 M
Capi. / Sales 2020 0,21x
Capi. / Sales 2021 0,20x
Nbr of Employees 34 439
Free-Float 37,1%
Chart HBIS COMPANY LIMITED
Duration : Period :
Hbis Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HBIS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 2,60 CNY
Last Close Price 2,26 CNY
Spread / Highest target 15,0%
Spread / Average Target 15,0%
Spread / Lowest Target 15,0%
EPS Revisions
Managers
NameTitle
Wei Jun Dong Chairman-Supervisory Board
Jian Liu Chairman
Guang Shen Chang CFO, Director & Chief Accountant
Yu Zhu Zhang Independent Director
Jian Zhong Zhang Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HBIS COMPANY LIMITED-12.40%3 591
ARCELORMITTAL-1.78%19 305
POSCO3.59%17 524
NUCOR0.25%17 035
NIPPON STEEL CORPORATION-19.65%11 237
TATA STEEL LIMITED14.62%8 475